Veeva Systems Analysts Boost Their Forecasts After Upbeat Earnings
Portfolio Pulse from Lisa Levin
Veeva Systems Inc. (VEEV) reported better-than-expected Q2 earnings, leading to an 8.5% rise in its shares. The company reported earnings of $1.21 per share, beating the consensus estimate of $1.13. Sales were $590.20 million, surpassing the estimate of $587.11 million. Full-year 2024 earnings per share are expected to be around $4.68, with revenue between $2.365 billion and $2.370 billion. Several analysts have increased their price targets on Veeva following the earnings announcement.
August 31, 2023 | 4:21 pm
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Veeva Systems reported better-than-expected Q2 earnings and sales, leading to a rise in its stock price and increased price targets from analysts.
Veeva Systems reported better-than-expected earnings and sales for Q2, which is a positive signal for investors and can lead to a rise in the stock price. Additionally, several analysts have increased their price targets on the company, indicating their positive outlook for the stock.
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IMPORTANCE 90
RELEVANCE 100